Enterprise Risk Manager, Commercial Credit

3 weeks ago


Ottawa, Ontario, Canada Alterna Savings Full time
Job Summary

Alterna Savings is seeking a highly skilled Enterprise Risk Manager, Commercial Credit to manage the credit risk program for our commercial arm. The successful candidate will be responsible for developing, recommending changes to, and maintaining Board and management policies for Commercial Credit.

Main Responsibilities
  • Support the execution of the Enterprise Risk Management program.
  • Maintain a high level of understanding of Alterna's business model and structure.
  • Provide an effective challenge role as the second line of defence within Alterna through the ERM program.
  • Create, develop, and maintain ERM policies, procedures, and practices related to commercial credit risk.
  • Develop guidelines to evaluate disbursed loans and mortgages in the achievement of commercial lending quality objectives.
  • Maintain and enhance the commercial credit assessment process, criteria, and parameters for success.
  • Assess and monitor risks and exposures against the Risk Appetite Framework and policies.
  • Perform continuous monitoring of the RAF risk limits and generate reporting for Senior Management and Board Committees.
  • Conduct an annual review of commercial credit authorities and provide recommendations to the Credit Risk Management Committee (CRMC).
  • Develop and evaluate policies to adhere to applicable regulatory requirements.
  • Evaluate the appropriateness and effectiveness of internal commercial credit risk rating models and key lending tools.
  • Monitor commercial credit portfolio risk indicators, trends, and migration.


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